S&P 500 gained 0.5% on Thursday, extending its winning streak to five
straight sessions. The Dow Jones Industrial Average gained 0.5%, the Nasdaq
Composite gained 0.4%, and the Russell 2000 gained 0.5%.
the 11 S&P 500 sectors finished higher with real estate (+1.6%), utilities
(+1.4%), and industrials (+1.4%) leading the advance. Conversely, the consumer
discretionary sector (-0.2%) underperformed.
The following companies were scheduled to report earnings this afternoon: SNX.
Futures are lower after hours: S&P 500 futures are -2.38 vs. fair value of 2,597 and Nasdaq-100 futures are -5.88 vs. fair value of 6,634.
Tomorrow morning, economic reports scheduled to be released include: CPI (08:30am ET, Consensus -0.1% vs. 0.0% in the prior week), Core CPI (08:30am ET, Consensus 0.2% vs. 0.2% in the prior week).
The following companies are scheduled to report earnings tomorrow morning: APHA.
In corporate news:
- Urban Outfitters (URBN) nnounces holiday comp retail net sales of +5%
- Total Company net sales for the two months ended December 31, 2018, increased 5.0% over the same period last year. Comparable Retail segment net sales increased 5%, driven by strong, double-digit growth in the digital channel, partially offset by negative retail store sales. By brand, comparable Retail segment net sales increased 6% at Free People, 5% at Urban Outfitters and 4% at the Anthropologie Group. Wholesale segment net sales increased 3%
at the oil market, the EIA released its weekly natural gas data.
EIA natural gas data for the week ended Jan 4 is as follows:
- Natural gas inventory showed a draw of 91 bcf vs a draw of 20 bcf in the prior week
- Working gas in storage was 2,614 Bcf as of Friday, January 4, 2019, according to EIA estimates. This represents a net decrease of 91 Bcf from the previous week. Stocks were 204 Bcf less than last year at this time and 464 Bcf below the five-year average of 3,078 Bcf. At 2,614 Bcf, total working gas is below the five-year historical range.